Hana Field definition
Examples of Hana Field in a sentence
On May 6, 2006, INEX (as hereinafter defined) and Hana entered into a License Agreement (as hereinafter defined) to govern the Parties’ respective rights and obligations in respect of Hana’s use in the Hana Field (as hereinafter defined), of Patents (as hereinafter defined) and Technology (as hereinafter defined).
Subject to the terms and conditions of this Agreement, ▇▇▇▇▇ ▇▇▇▇ shall deliver Crude Oil produced and saved from the Hana Field to COMPANY.
It is also understood that INEX retains exclusive rights under the Licensed Patents and INEX Technology outside the Hana Field.
On the issuance of a patent for the Technology applied for in accordance with Section 6.3 and/or 6.5, Hana shall have the right to become, and shall become the sublicensee of the same within the Hana Field, all pursuant to the terms contained herein, and Schedule“A” will be deemed to be amended to include such patents.
Upon expiry of the Term of this Agreement (but not on termination in accordance with Article 17) Hana shall thereafter have, in perpetuity, a fully paid-up worldwide license to use and sublicense the Technology in the Hana Field and to Manufacture, have made, distribute, import, use and sell Products, without further payment of Royalty Due UBC.